SINGAPORE (Reuters) – Indian Oil Corp, the country’s largest refiner, has bought 4 million barrels of U.S. West Texas Intermediate crude via a tender for January delivery, trade sources said on Friday. Occidental and Mitsui sold 2 million barrels of WTI each at about $3 a barrel above dated Brent on cost and freight basis, …
India’s IOC buys U.S. WTI crude for January delivery Read More »
BEIJING (Reuters) – China’s industrial output in September grew 5.4% from a year earlier, up from a 4.5% pace in August, providing some encouragement to policymakers as they step up efforts to revive a sluggish economy as the year-end draws closer. The official data from the National Bureau of Statistics (NBS) on Friday beat expectations …
China September industrial output rises 5.4%, beating expectations Read More »
BRUSSELS (Reuters) – Ukraine’s president accused North Korea on Thursday of deploying officers alongside Russia and preparing to send thousands of troops to help Moscow’s war effort, although NATO’s chief said there was no evidence of Pyongyang’s presence at this stage. Western countries have long accused North Korea of sending weapons to Russia, and in …
Ukraine’s Zelenskiy says North Korean officers deployed alongside Russians Read More »
BEIJING (Reuters) – China’s economy expanded 4.6% in the third quarter from a year earlier, official data showed on Friday, slightly beating analysts’ expectations, maintaining pressure on policymakers as they consider more stimulus measures. Economists polled by Reuters had expected third-quarter gross domestic product to have grown 4.5% from a year earlier, slowing from 4.7% …
China’s Q3 GDP grows 4.6% y/y, slightly above economists’ estimate Read More »
HONG KONG (Reuters) – China’s National Health Commission (NHC) is surveying 30,000 people to understand factors influencing their attitudes towards childbearing and the “fear surrounding having children”, as authorities struggle to boost a flagging birthrate. The survey will include people from 150 counties in China and 1,500 different communities, the state-backed Global Times said late …
China launches survey to understand ‘fear of having children’ Read More »
(Reuters) – Philippine conglomerate Ayala Corp is selling half of its stake in Mynt, the fintech unicorn which operates e-wallet brand GCash, to Japan’s Mitsubishi Corp for a minimum of 18.4 billion pesos ($318.89 million), it said on Friday. The Japanese conglomerate will acquire the stake by buying 50% of Ayala-owned AC Ventures, the Philippine …
Mitsubishi acquires half of Ayala’s stake in fintech unicorn Mynt Read More »
TAIPEI (Reuters) – Taiwanese chipmaker TSMC said on Friday that it was a law abiding company and committed to complying with laws and regulations, including export controls, following a media report the U.S. government was probing their dealings with China’s Huawei. “If we have any reason to believe there are potential issues, we will take …
TSMC says it is a law abiding company, after report of US probe Read More »
By Rishav Chatterjee (Reuters) -Australian troubled casino operator Star Entertainment reversed its course to drop on Friday as trading resumed a day after New South Wales gaming regulator said the embattled firm would be able to keep its Sydney casino open. The New South Wales Independent Casino Commission on Thursday decided not to revoke the …
Star Entertainment reverses course a day after Sydney casino relief Read More »
By Laura Gottesdiener and Michael Martina WASHINGTON (Reuters) -A group of families whose loved ones died of fentanyl overdoses filed a petition with the office of U.S. Trade Representative Katherine Tai on Thursday, requesting a probe into China’s alleged role in fueling the U.S. synthetic opioid crisis. The petition was filed under Section 301 of …
Families of fentanyl victims ask U.S. for China tariffs over opioid crisis Read More »
By Echo Wang NEW YORK (Reuters) -Blackstone beat Wall Street’s expectations on its key quarterly earnings metric on Thursday, as the world’s largest alternative investment firm’s assets under management (AUM) hit a record $1.1 trillion and the value of its funds rose. New York-based Blackstone said it saw $41 billion of inflows during the third …
Blackstone tops profit estimate as its assets hit record, dealmaking picks up Read More »
